Affordable Housing In Fayette County

3 Low Income Apartment Communities In Fayette County

Palmer Apartments

711 Jefferson St
West Union, Iowa
Income Based
Studio-1 BR
Elderly Supportive Housing

Buffalo Run Apartments

400 13th Ave NW
Oelwein, Iowa
Accepts Vouchers

Westwood Park Apartments

710 Jefferson St
West Union, Iowa
Accepts Vouchers
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Guide To Affordable Housing in Fayette County, Iowa

There are 3 low income housing apartment communities offering 80 affordable apartments for rent in Fayette County, Iowa.

Income Based Apartments in Fayette County, Iowa

Fayette County features 20 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Fayette County, Iowa

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fayette County.

Housing Choice Vouchers in Fayette County, Iowa

On average, Section 8 Housing Choice vouchers pay Fayette County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Fayette County.

Sourced from federal housing data and research.

Fayette County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 80
Total Housing Units with Rental Assistance 20
Percentage of Housing Units Occupied By Renters 24.68%
Average Renter Household Size 2.13
Average Household Size 2.31
Median Household Income $44,928 ±$2,331
Median Rent $553 ±$24
Percentage Of Renters Overburdened 41.95% ± 6.18pp
Total Population 20,589

Population and Household Demographics

Fayette County is a County in Iowa with a population of 20,589. There are 8,556 households in the county with an average household size of 2.31 persons. 24.68% of households in Fayette County are renters.

Income and Rent Overburden in Fayette County

The median gross income for households in Fayette County is $44,928 a year, or $3,744 a month. The median rent for the county is $553 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fayette County, a household making less than $1,843 a month would be considered overburdened when renting an apartment at or above the median rent. 41.95% of households who rent are overburdened in Fayette County.1

Area Median Income In Fayette County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Fayette County, HUD calculates the Area Median Income for a family of four as $62,700

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Fayette County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Fayette County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% of Median $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300

Cities In Fayette County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Arlington 0
Oelwein 1
Clermont 0
West Union 2
Elgin 0
Waucoma 0
Fayette 0
Hawkeye 0
Maynard 0
Randalia 0
Wadena 0
Westgate 0
St. Lucas 0